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and increase the nations borrowing limit. >> everything they have told me and the speaker is to get a big package would require big tax increases in the middle of an economic situation extraordinarily difficult 9.2% unemployment. it is a job killer. >> we need to do something very big, substantial to bring long term debt down overtime we have to do that in a way that is good for the economy. >> reporter: of course there is a difference in opinion what is exactly good for the economy, house speaker john boehner said look the republicans are not going to agree on any package that includes any increases in taxes therefore the republican package is $2 trillion where as the deal the president has been pushing is a $4 trillion deal we should learn more at the press conference scheduled here at the white house 11:00 a.m. >>> three small planes in three separate incidents had to be intercepted by fighter jets this weekend each plane flew too close to camp david. the first around noon saturday another later that night the third happened late yesterday morning in every case the planes landed withou
heated yesterday between obama and eric cantor. while they bicker, the big three credit rating agencies are warning the aaa bond status could be at risk. the debt ceiling deadline, as you may know, is august 2nd, but the president set tomorrow for the deadline to see if a grand bargain is possible, if not a bare bones bargain. if not, payments to critters, bill payments, you name it, there is not enough income to cover all that. every month we come up $125 billion short. if we cannot borrow to bridge the cap, 40% of the monthly obligations could not be paid, and that could include social security checks due to go out on august 3rd. the stakes we just laid out are monumental, so both sides have to give ground and risk their jobs for the good of the country. what is so hard about that, right? joining me with their insights on conflict resolution are cnn contributor, pete dominic, and family law attorney, mrs. winestein. what does it take for two entrenched parties to agree on a deal that both need? >> well, you know, the obvious is that you take the emotion out of the room and you try to
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. president obama making it clear with 23 days to go befor
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
. the big mistaking that had people thinking they had gotten the bargain of the year. >>> but first, here are your options. resign or be fired. that is the ultimatum that was just given to nearly 200 educators tied to one of the largest school cheating scandals in u.s. history. it was just over a week ago, a state investigation revealed 178 teachers, including 38 principals, woulding at 44 schools cheated for students on standardized tests in atlanta. on monday, interim superintendent erroll davis replaced four superintendents and one principal in the atlanta public school scandal. now a letter has been sent to the 178 teachers, principals and administrators who were on the state investigative report as either confessing to or being implicated in the cheating. davis has ordered that educators resign by next wednesday or they will face termination. he says the culture inside the school district has to change. >> people failed children, they cheated. and we can't allow that to happen and we can't allow anyone who was involved with that to remain in our system. >> now, staff replacement may
a lot to talk about. big news over the budget and deficit reduction. president obama is rejecting calls for a short-term hike. he made a rare appearance in the press room. he's challenging them to seize the moment and cut a deal. >> i don't think the american people here sent us here to avoid tough problems. it's, in fact, what drives them nuts about washington. when both parties simply take the path of least resistance. i don't want to do that here. i believe right now, we have a unique opportunity to do something big. to tackle our deficit in a way that forces our government to live within our means. still allows us to invest in that future. >> all right. sounds good. sounds hopeful, it does. maybe something will get done, like everyone is going to come in. less than an hour after the president's invitation, john boehner missed the discussions saying a deal won't pass in the house, if it includes tax increases. he said, i'm happy to discuss the issues at the white house, but the discussions are fruitless until the president recognizes economic and legislative reality. >> that doesn't
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
. the scandal now spanning across the atlantic and claiming its first big victim on this "american morning." >>> and good morning. welcome, everybody. it is friday, july 15th. i'm soledad o'brien. you are watching snoonk kiran is off, christine is off, welcome soledad. good to see you. >> thank you. we have a lot to do today. let's get right to it. serious new pressure on rupert murdock and his global media empire. the justice department says it's now investigating the claims that one of its tabloids tried to hack 9/11 victims' phones. a report in another british tabloid, "the mirror" quoting a source who says "news of the world," the newspaper which folded under the pressure of the hacking scandal, hired an investigator to try to tap the phones. now lawmakers, law enforcement, and 9/11 families are all demanding the truth. >> susan candiotti following the latest for us on this and breaking, one casualty of the news international, rebekah brooks has resigned. >> the question is, does this mean that the walls are crumbling at news corp. it's too early to say, bulls this is a crack in the wa
name kidnap her. that was a big fat lie. warm welcome for soldiers returning home from war. more than 50 national guard troops returned to cedar rapids, iowa, after spending a year in afghanistan. about 2800 men and women will return home to the area in the next few days. this is the largest deployment that the state has seen since world war ii. and those are your headlines. >> let's talk about what's going on. couple of days ago, we heard the president of the united states say don't call my bluff, eric cantor and i'll take my case directly to the american people. today, the president is going to take his case to the american people. he has a press conference this morning at 11:00 a.m. >> we'll see what he says again. there's no talks today, folks. they've been doing them every day this week. there was a rumor maybe they'd go to camp david this weekend but not sure if that's going to happen. no talks today. >> fascinating to see after an hour and 19 minutes yesterday that eric cantor did not say a word today, yesterday, and on thursday. now the president for the second time this week
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
have lots of space to get hydrated and also areas to get cooled off in. the big heat will move east, which we also have to talk about thunderstorms and would you know there's even a tropical storm. so lots more coming up in weather. we'll focus on this storm in a little while. >>> a warning from pepco tonight to conserve energy in this heatwave. the company says extreme heat can put a lot of stress on electrical equipment, but they say the power supply should be able to meet the high demand. their advice, set your thermostat at 78 and use an electric fan. turn off all nonessential appliances and postpone the use of high energy appliances like electric stoves, washers and driers and dishwashers until the evening hours. you can track the scorching temperatures on www.myfoxdc.com. we've got an entire page dedicated to the heat from tips on conserving energy while staying cool to advice on keeping your car running in the heat. it's all there in one place. >>> a heart stopping close encounter caught on camera. fox 5's bob barnard is here to show us and explain what happened. >> what you'
was ready to try again to do something big to control the debt. the ensuing days, the two sides forged common ground on the strategy raising the debt limit and cutting more than $4 trillion out of the federal budget that would take place through 2021. the speaker put out a statement in connection with the comments he made to the press yesterday. here is a bit of it for you. he said: in the end, he writes, we couldn't connect. not because of different importants, but different visions for our country. the president is emphatic taxes have to be raised. i know that tax increases destroy jobs. the next page, mr. boehner goes on to say, the president is adamant we can't make changes to entitlement program. i know the programs won't be there for my daughter's generation unless significant action is taken now. i have decided to end conversations with the white house and begin conversations with the leaders in the senate in an effort to find a path forward. again, the leaders are going to the white house today to meet with the president. the minority leader also putting out a statement becaus
the cliff thelma and louise style but 43% of independents say what's the big deal? >> what's the pugh research? they only talk to 764 people. >> they did it all yesterday afternoon. >> by the way, we have a panel of independent voters coming up to see how they're feeling about the debt ceiling debate because obviously, they are the coveted group. >> that panel, 765. >> all right. >> a little bit bigger. >> we go to a panel of one. steve winn is the ceo of winn resorts. they have those casinos and stuff like that in vegas. he was on a conference call with investors and investment banks yesterday and he really let the president of the united states have it. we've got some quotes from the conference call. he says, here you go. "i'm saying it bluntly, that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. and i can prove it and i can spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
speaker john boehner today. not going for a big huge deal now. this is part of what chuck schumer had to say -- >> shannon: your response? >> i suspect that is more of the grand politics that you hear playing out there. because it was never put on the table. the kind of reform that john boehner has been asking for, the kind of reform i'm talking about. what was put on the table was again, tax hikes on the wealthy. so that we can do less spending reduction. we've got to get out of that paradigm. we've got to get out of the politics. some of the politics poll really well. one of the problem we're having now is pollsters are at full employment. and politicians are following what they are telling them. it's telling them on the one hand don't put social security or medicare on the table. don't talk about those things. on the other hand, just talk about taxing the rich. you will be fine. but that doesn't help us get to a solution. >> shannon: we certainly hope that you find one. we know you are busy not only with the gang of six or five or whatever it currently stands to be but with everyth
with fake documents to get real passports and then come to the u.s. and a big part of the problem is that countries aren't sharing information with each other. part of this government accountability office report says "even when countries have terrorist screening information, they may not have reciprocal relationships to share such information or other traveler information such as passenger airline lists with other countries to limit the ability of preventing travel of known or suspected terrorists." even though a passport can't kill someone, it can help a bad guy get in position to do some serious damage. >> travel documents are the same as weapons to terrorists. they can't carry out their plots without them. with our partners, and again, some of that is out of our control. we're closer to a c. >> and this gao report deals heavily with the breakdown, basically in communication with other countries. here at home, though, we are not perfect because since november 2001, just a few weeks after 9/11, there have been 25,000 security breaches at u.s. airports. that's about seven a day a
on the big screen. a big era. joining us once again is tracy grant of kids post. nice to see. >> you great to be with you, eun. >> your book of the week may be familiar because this was a movie that came out a couple years ago. >> that's right. our book club, which again this year is books and movies, what's better. fantastic mr. fox. >> amazing. >> the mean farmer, mr. fox outfoxing. and this is reviewed in wednesday's kids post. anybody who wants information about our summer book club, it's all at kidspost.com. >> next, a fabulous exhibit at the maryland science center. and this is always a great place to go for kids. >> maryland science center. i was just up there. it is just terrific. but this summer they are kicking off the summer of irresponsible science. >> uh-oh. >> and this is where you should do it. this is a sphere that spews out toothpaste, enough to brush an elephant's tusk. >> who is going to clean that up? a mother i'm thinking. >> kids do it at the science center. up in the inner harbor through early august. >> they are allowed to do things they can't do at home. >> exactly
as three doors down, they've had all kinds of platinum records and big time hits. they'll be performing live on our concert stage out on the plaza today. and of course, famous dave's cooking up barbecue all morning long so if you're in the neighborhood, stop by 48th and sixth avenue, not a free concert but free breakfast and you might meet clayton morris. >> if you're lucky. i won't make any promises. friends e-mailed me last night, three doors down, huge fans. >> that could be three drawers down baseed on that guy in the video. he was in his drawers. that's a wake-up call. that guy in his drawers as well as your headlines this morning. he didn't want to kill terrorists in afghanistan perhaps because he wanted to kill americans right here at home. awol soldier may have been inspired by al-qaida cleric copycat to the ft. hood massacre, they are checking into that following his arrest and confession that he wanted to, "get even" with the army allegedly plotting two attacks near the base. the suspected gunman in the original attack had direct contact with awlaki. yesterday, they announced
for that big deal, grand bargain, seem all but lost right now. now the hope is that congress can pass a dramatically scaled-back version before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of failing to crops. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as armageddon, the first financial default in american history, they hold out hope that a big deal could still be struck. >> but in order to do that we've got to get started now. that's why i'm expecting some answers from all the congressional leaders. and sometime in the next couple of days. >> reporter: for the first time, the president publicly said he's considering asking wealthier seniors in medicare to pay more out of pocket. today in his weekly address mr. obama suspended that stance. >> simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopula
no way, that they're not happy with what speaker boehner put forward for them? >> look, that is a big part of whatever takes place here, because they'rele really digging in. there's some house members who say no new taxes whatsoever, even on the wealthy americans, and the president saying that you need to get some kind of revenue here in order to make the system work for the long term health of the economy. that's very important. what can they come up with that can woo over those republicans who are being very clear about not wanting those taxes to go up. >> dan lothian, thank you. >>> all right. so the two plans on the table right, the democratic backed senator reid plan and the republican led plan from senator -- speaker boehner. let's begin with senator reid's blueprint, cuts $2.7 trillion over the next decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican
be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting that any deal won't include any new tax increases. >> that's the big deal. but the two sides have essentially given up on the idea of coming up with a bipartisan deal. so, you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. we haven't seen the details yet, george. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. like claiming big savings because we won't be fighting a war in iraq anymore. so, the republicans are coming up with their plan, which would include about $1 trillion in cuts now. a debt ceiling increase of eight to ten months. it would require the president to come back to congress n
in a very big and vital state of new york. >> most importantly, one, the white house says it's not true and secondly, biden himself, he's been the target of getting off a ticket since january of 2009. when hillary clinton was going to take it over and that would be the smart thing to do politically. as much as people might have strong feelings about vice president biden, i think that for president obama, he's been a good vice president. he marches his soldiers on. he does the bidding. and he -- i think there's no reason for it to change but also this, while i respect the reporter and i'm sure he's got good sources, i just don't see what changing courses mid stream and getting the governor from new york gets you >> you can tell how much the white house doesn't want to talk about something when they dump it out on a friday. according to the economic council of advisors, they've come out with their seventh quarterly report and what they said is the stimulus, remember, it was going to save us from big -- >> save or create three million jobs. >> it was going to do that. it didn't do that. o
social security, you don't get a penny of it. every penny of that goes into the big pot and it's distributed to everyone else. anybody who dies to young, all of their money has been wasted. it is just going into the government pot. the second thing you have to know, is if you save up to much, when you start receiving it, you get taxed on it again. if you get taxed on social security when you are your money what you are working and then after you start receiving it, if you save up to much because you were worried about it, you get taxed on it again. it gets added to whatever income you have from your savings. host: do you think private savings accounts, that your social security should be yours when you pay in, you should be booked to get or keep or transfer? caller: i certainly do. that is why i voted for president bush to the second time around. i did not agree with him for very much but i agree with him on that point. people should have their names on their accounts and what ever they put into it should belong to them. so even if they die when their 50, that money goes to the
the democrats point of view, no tax hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right t
've got big money clients putting money to work. the corporate sector still strong? >> you know, this is one of those dichotomies that has existed for a few years now, where the markets and the economy itself are on slightly different paths. following the financial crisis that we had in '08 and '09, there is a lot of expense taken out of the corporate side of the equations. and really strong earnings since then. originally just bottom line earnings, but in the last year or so some top-line improvement as well. we think that will probably continue through this upcoming earnings season. >> so you think the second half looks okay? >> we do, yes. >> michelle, what about you? we're still seeing overseas events really play out here, whether it's what happened this week in europe, now new concerns italy in the crosshairs, concerns about its debt. 120% of its gdp is debt. >> well, you know, and i think that's something we all need to be obviously watchful. the situation in europe doesn't impact the gdp of the u.s. directly. it isn't like we're worried about not being able to export to e
the -- prevent the u.s. from going into default. the big question is, can all of this be done by the critical august 2nd deadline? and what the white house has been clear to point out in the past, the president would be willing to support any kind of short-term deal for one or two days if they need to cross the ts and dot the is of a potential agreement. the president would be willing to embrace something like that. so that's what we'll be watching closely over the next few hours, fredricka. >> dan, despite the fact that they had a vote, kind of procedural vote on that senate majority leader harry reid's plan today, when nancy pelosi and reid went to the white house last night, was that the beginning of working out this kind of framework? >> reporter: well, it's unclear whether that was actually the beginning of, you know, working on the particular framework. what we do know is that they're looking at the last 24 hours as a period when significant progress was made. so whether it's direct talks that was taking place with democrats and the president or with republicans and the president, as ka
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-running amanda knox murder case. >> big news here. the college student from seattle returned to an italian courtroom this morning. she's hoping that a new report criticizing an italian dna expert's handling of the crime scene evidence will help overturn their murder conviction. we'll get you the very latest on today's hearing. >>> we are looking at the tragic end to amy winehouse's life. she joins a sad select group of performers, jimmy hendricks, jim morrison, curt cobain all found dead at that very same age. much too young. we'll take a look at the highs and lows of her all too short career. >>> first, we turn to the new york city hotel maid who says dominique strauss-kahn sexually attacked her. had he is now speaking out for the first time and in the newsweek magazine interview she tells her story of the alleged encounter with the former head of the international monetary fund. >> reporter: the chambermaid who accused one of the world's most powerful men, dominique strauss-kahn of sexual assault and attempted rape now has a face and a name. she is 32 of guinney has broken her month-long
beginning to deal with all the grief here. incredible this country is not that big, only 5 million people, so such a massive attack has really taken its toll. as someone was telling me this morning, everybody knows somebody, that knows somebody or is related to them. the kids in the camp were womaning from all over the country. finally, jenna, it's very sad in so much of these parts the judge saying after tharbg the hearing waafter that, the hearing was closed and but he came out and talked a little bit about it. he said he was not interested in the number of people he had to kill, he just wanted to make a statement. he certainly did that. jenna: certainly indeed and sad as you say, greg. more developments as we get them from norway, greg burke, thank you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill t
, in exchange for big, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have to accept it. so, both sides have these weakness in their bargaining positions. >> jamie: byron york of the washington examiner, i know you wrote a great piece on this yesterday and we'll follow your commentary how things are going in washington. thanks for weighing in, today. >> thank you, jamie. >> eric: right now it is ten at night in hong kong and 11:00 at night in tokyo and, in hours when the traders wake up and go to work, what will happen? all eyes are anticipating what could happen when trading beginnings in the asian markets, anxiety of a possible massive sell off is running o
. that has been the big stumbling block because republicans we're not interested in lacing taxes, no way. it will be interesting to see how they get that back to make those trig teors get all the parties at the table. >> gregg: very busy saturday on capitol hill. >> heather: so the question is what happens if no debt deal is reached. many analysts say we don't know the true effects. it is uncharted territory. here are some possibilities. you will see higher interest rates and pay more immediately on credit card debt. home and car loan rates, those will rise. stock market could plunge costing you dealer. the u.s. dollar would almost certainly plummet on the world market raising the prices that we pay for imported products. we could see a state funding crisis as well if the federal government can't fork over aid to the states they will have to fund their massive budgets and federal funds for student loans would freeze, billions would not be paid. >> gregg: so critics are questioning where the president is in all of this. that was what speaker barren was sailing. president obama urged lawma
this from the beginning. it's an intriguing day. >> this is, it's a big day. >> dave: let's start with the defense. what can they do? is there anything they can stress that would perhaps save her life? is there any chance of a not guilty verdict in your opinion? >> i don't think there's any chance of a not guilty. i think the best they can do is to save her life. the defense made outrageous claims in opening, but went the other way with their defense and helped the prosecution and sputtered to the close and the rebuttal is the final knockout punch. >> clayton: is there enough for the death penalty? that seems to be the question. because premeditation is ultimately the linchpin and maybe that's taken off the table. >> i don't think so. although it isn't a sure fire went for the first degree. what happened here, i think, what you're going to have is that if jeff ashton, if he puts this together in the right way for the jury and really kind of shows them what they can disregard and why, i think they still have a great chance because the biggest thing for the first degree murder conve
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